Dollar Tree profit rises; outlook cautious

DanBurrows

NEW YORK (MarketWatch) -- Dollar Tree Stores Inc.
DLTR, +0.73%
said Wednesday that first-quarter income rose to $32.9 million, or 31 cents a share, from $29 million, or 26 cents, a year ago. Sales for the three months ended April 29 increased to $856.5 million from $749.1 million, while same-store sales, or sales from stores open at least a year, gained 4%. Analysts polled by Thomson First Call, on average, forecast earnings of 30 cents a share on sales of $854.9 million. For the second quarter, the Chesapeake, Va., retailer forecast earnings of 24 cents to 27 cents a share against analysts' view for 28 cents.

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